it may threaten the Island's stability, have been reported in the Financial Times.

An article in its Friday edition said: "Bankers fear the debate, which could lead to a referendum on Independence from Britain, may polarise party politics on the Island.

"They fear damage to Bermuda's image of stability, the basis of the international financial services sector, and tourism the main pillars of the economy,'' writes reporter Canute James from Kingston.

The article says the United Bermuda Party is split on the issue while the Progressive Labour Party supports Independence.

It adds: "The UK is willing to grant Independence if there is a clear indication the majority want this change, say British officials.

"Conservatives in the ruling UBP say undecided Bermudians should look south to the `mess' some former colonies in the Caribbean have made of their golden opportunities.''